EXPERIENCED ASSET-BASED LENDER FOR BORROWERS

INCOME GENERATION & CAPITAL PRESERVATION FOR INVESTORS

Old Hill Partners Inc. is an alternative asset manager focused on asset-based lending transactions with small- and medium-sized businesses. As an SEC-registered investment advisor, we operate at the crossroads of investors seeking attractive risk-adjusted yields and emerging companies seeking capital for expansion, acquisitions or growth.

“The age of alternative lending is here. Middle-market companies seeking capital no longer need to be constrained by banks unwilling to lend, while investors do not need to settle for the meager risk-adjusted returns available from traded credit markets”

In 2014 Old Hill Partners was unfortunately subjected to a cyberattack by a debtor who had personally guaranteed a defaulted loan that we assumed in 2009 and on which we were forced to foreclose. Subsequently, this debtor initiated a carefully orchestrated online attack against us as a firm and personally against John Howe, our CEO. This disgruntled debtor constructed fictitious websites and false identities through which he distributed false allegations in an effort to force us to abandon our claim and accept a lower settlement. At last count, this individual constructed more than 720 false and defamatory entries and disseminated them across 100+ websites.

To be crystal clear: All of the claims and allegations posted by this individual about Old Hill Partners and John Howe are false.

As a response, Old Hill has taken a measured, thorough approach. We have:

Proven in a court of law that none of the claims or allegations are true

Obtained necessary court orders to have all the false and defamatory information removed from search engines and websites.

Implemented an online reputation management process.

In our increasingly media and internet-focused world, the most common way to garner any information on any topic is through a simple web search. Prior to the attack, we had little web presence, owing to the fact that the direct lending business inherently relies upon trust among counterparties, which meant that we had worked primarily through reputation and word-of-mouth. The attacker was aware of this fact and exploited it to the fullest, knowing that we utilized our well-earned reputation often to source new transactions and foster business and client relationships.

The Internet's ability to quickly and easily reach massive numbers of people by a simple keystroke exacerbates the impact of such attacks, as does the immortalization of negative content by search engines, which keep the damaging data "electronically alive" and thus continually damages the good name of a person or business.

The attack that has befallen Old Hill Partners is the direct result of us performing our fiduciary duties for our investors. We take our obligations as fiduciaries extremely seriously, and are aggressive in meeting them in every transaction in which we engage. The vast majority of our transactions proceed smoothly and terminate successfully, which is why we have such a high level of repeat relationships. Unfortunately, this was not the case in this particular situation.

There is still content on the web regarding this cyberattack and we are working diligently to remove it, but that is no easy task. Nonetheless, we’re pleased to share that on July 17, 2015, the Massachusetts Attorney General arrested and arraigned the borrower on charges of online intimidation and harassment. According to a Boston Globe article, it is the first use of the state’s criminal harassment statute for conduct that occurred online, according to the Attorney General’s office.

Although the efforts of this one debtor have made headlines for all the wrong reasons, we are relieved to know that the legal process is taking its rightful course in settling this unfortunate series of events.

A press release concerning the arrest can be found here, while an article in the Boston Globe can be found here.

If you would like further details about this incident and our response to it, we welcome the opportunity to provide documentation and address questions you may have.

1. ACCEPTANCE OF TERMS

Old Hill ("Old Hill","we,"us" or "our") welcomes you. We're excited that you have decided to access the oldhill.com website (the "Website"). Old Hill makes the Website available to you subject to the following Terms of Use, which may be updated by us from time to time without notice to you. By using the Website, including all content available through the Website, you acknowledge that you have read, understood, and agree to be legally bound by the terms and conditions of these Terms of Use and the terms and conditions of Old Hill's Privacy Policy, which is hereby incorporated by reference (collectively, this "Agreement."). If you do not agree to any of these terms, then please do not use the Website.

2. INTELLECTUAL PROPERTY

The Website contains material, such as software, text, graphics, images, sound recordings, audiovisual works, and other material provided by or on behalf of Old Hill (collectively referred to as the "Old Hill Content"). The Old Hill Content may be owned by us or by third parties. The Old Hill Content is protected under both United States and foreign laws. Unauthorized use of the Old Hill Content may violate copyright, trademark, and other laws. You have no rights in or to the Old Hill Content, and you will not use the Old Hill Content except as permitted under this Agreement. No other use is permitted without prior written consent from us. The trademarks, service marks, and logos of Old Hill (the "Old Hill Trademarks") used and displayed on the Website are registered and unregistered trademarks or service marks of Old Hill. Other company, product, and service names located on the Website may be trademarks or service marks owned by others (the "Third-Party Trademarks", and, collectively with Old Hill Trademarks, the "Trademarks"). Nothing on the Website should be construed as granting, by implication, estoppel, or otherwise, any license or right to use the Trademarks, without our prior written permission specific for each such use. Use of the Trademarks as part of a link to or from any site is prohibited unless establishment of such a link is approved in advance by us in writing. All goodwill generated from the use of Old Hill Trademarks inures to Old Hill 's benefit.

3. NO WARRANTIES/LIMITATION OF LIABILITY

The website and its content are provided on an "as is" and "as available" basis without any warranties of any kind. We disclaim all warranties, including, but not limited to, the warranty of title, merchantability, non-infringement of third parties' rights, and fitness for particular purpose. You acknowledge and agree that the website and its content are not investment advice. In no event shall we be liable for any damages whatsoever (including, without limitation, incidental and consequential damages, lost profits, or damages resulting from lost data or business interruption) resulting from the use or inability to use the website or its content whether based on warranty, contract, tort (including negligence), or any other legal theory, even if we have been advised of the possibility of such damages. Some states do not allow exclusion of implied warranties or limitation of liability for incidental or consequential damages, so the above limitations or exclusions may not apply to you. In such states, our liability shall be limited to the greatest extent permitted by law.

4. INDEMNIFICATION

You agree to defend, indemnify, and hold harmless Old Hill , its employees, officers, directors, stockholders, agents, consultants, assignees, corporate affiliates, partners, contractors, professional advisors, advertisers, and any and all other individuals and organizations providing services on behalf of Old Hill from all claims, liabilities, losses, damages, and expenses (including attorneys' fees and expenses) arising out of or relating to (a) your use of any parts of the Website; and (b) your alleged breach of this Agreement. We shall provide notice to you of any such claim, suit, or proceeding and shall assist you, at your expense, in defending any such claim, suit, or proceeding. We reserve the right to assume the exclusive defense and control of any matter that is subject to indemnification under this section. In such case, you agree to cooperate with any reasonable requests assisting our defense of such matter.

5. EXTERNAL SITES

The Website may contain links to third-party websites ("External Sites"). These links are provided solely as a convenience to you and not as an endorsement by us of the content on such External Sites. The content of such External Sites is developed and provided by others. You should contact the site administrator or webmaster for those External Sites if you have any concerns regarding such links or any content located on such External Sites. We are not responsible for the content of any linked External Sites and do not make any representations regarding the content or accuracy of materials on such External Sites. You should take precautions when downloading files from all websites to protect your computer from viruses and other destructive programs. If you decide to access linked External Sites, you do so at your own risk.

6. COMPLIANCE WITH APPLICABLE LAWS

The Website is based in the United States. We make no claims concerning whether the Website content may be downloaded, viewed, or be appropriate for use outside of the United States. If you access the Website or the content from outside of the United States, you do so at your own risk. Whether inside or outside of the United States, you are solely responsible for ensuring compliance with the laws of your specific jurisdiction.

7. TERMINATION OF THE AGREEMENT

We reserve the right, in our sole discretion, to restrict, suspend, or terminate this Agreement and your access to all or any part of the Website, at any time and for any reason without prior notice or liability. We reserve the right to change, suspend, or discontinue all or any part of the Website at any time without prior notice or liability.

8. NO OFFER OF SECURITIES

Under no circumstances should any material at this site be used or considered as an offer to sell or a solicitation of any offer to buy an interest in any investment fund managed by Old Hill or its affiliates. Any such offer or solicitation will be separately made only by means of the Confidential Private Offering Memorandum or prospectus relating to the particular fund to persons who, among other requirements, meet certain qualifications under federal securities laws and generally are sophisticated in financial matters, such that they are capable of evaluating the merits and risks of prospective investments. This website is not intended to provide any investment, financial, legal, regulatory, accounting, tax or similar advice, and nothing on this website should be construed as a recommendation by Old Hill or any of its affiliates or any third party, to acquire or dispose of any investment or security, or to engage in any investment strategy or transaction. You should consult with your own investment, legal, tax and/or similar professionals regarding your specific situation and any specific decisions.

9. MISCELLANEOUS

This Agreement is governed by the internal substantive laws of the State of Connecticut, without respect to its conflict of laws provisions. You expressly agree to submit to the exclusive personal jurisdiction of the state and federal courts sitting in the State of Connecticut. If any provision of this Agreement is found to be invalid by any court having competent jurisdiction or terminated in accordance with the Termination provision above, the invalidity or termination of such provision shall not affect the validity of the following provisions of this Agreement, which shall remain in full force and effect: "Intellectual Property," "No Warranties/Limitation of Liability," "Indemnification," "Termination of the Agreement," and "Miscellaneous." Our failure to act on or enforce any provision of the Agreement shall not be construed as a waiver of that provision or any other provision in this Agreement. No waiver shall be effective against us unless made in writing, and no such waiver shall be construed as a waiver in any other or subsequent instance. Except as expressly agreed by us and you in writing, this Agreement constitutes the entire Agreement between you and us with respect to the subject matter, and supersedes all previous or contemporaneous agreements, whether written or oral, between the parties with respect to the subject matter. The section headings are provided merely for convenience and shall not be given any legal import. This Agreement will inure to the benefit of our successors, assigns, licensees, and sub licensees.

Old Hill does not disclose or use non-public personal information about our clients, and/or former clients, other than to carry out the purpose for which the information is disclosed, or as permitted by law. Old Hill Partners Inc has adequate procedures to safeguard records and information, consistent with Regulation S-P, and that information will not be disclosed to an unaffiliated third party for any reason, without your prior written consent.

This website is for informational purposes and does not constitute a complete description of our investment services or performance. This website is in no way a solicitation or offer to sell securities or investment advisory services, except where applicable, in states where we are registered or where an exemption or exclusion from such registration exists. Nothing on this website should be interpreted to state or imply that past results are an indication of future performance. Neither we, nor our information providers shall be liable for any errors or inaccuracies, or the lack of timeliness of, or for any delay or interruption in the transmission thereof to the user. While Old Hill is responsible for assuring that the contents of its own website are not misleading or deceptive, there are not otherwise any warranties, expressed or implied, as to the accuracy, completeness, or results obtained for any information posted on this or any linked website.